In a filing, MSC Industrial Direct Co., Inc revealed its Chief Executive Officer GERSHWIND ERIK unloaded Company’s shares for reported $4.52 million on Nov 11 ’24. In the deal valued at $90.36 per share,50,000 shares were sold. As a result of this transaction, GERSHWIND ERIK now holds 1,402,849 shares worth roughly $125.7 million.
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Then, GERSHWIND ERIK bought 100,000 shares, generating $8,907,000 in total proceeds.
Before that, Shacklett Kimberly sold 4,885 shares. MSC Industrial Direct Co., Inc shares valued at $413,251 were divested by the SVP, Sales & Customer Success at a price of $84.60 per share. As a result of the transaction, Shacklett Kimberly now holds 12,897 shares, worth roughly $1.16 million.
Loop Capital downgraded its MSC Industrial Direct Co., Inc [MSM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid June from “an Overweight” to “a Sector weight”. Robert W. Baird also remained covering MSM and has decreased its forecast on May 29, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Loop Capital revised its rating on October 09, 2023. It rated MSM as “a Buy” which previously was an “a Hold”.
Price Performance Review of MSM
On Tuesday, MSC Industrial Direct Co., Inc [NYSE:MSM] saw its stock fall -0.64% to $89.60. Over the last five days, the stock has gained 9.19%. MSC Industrial Direct Co., Inc shares have fallen nearly -11.51% since the year began. Nevertheless, the stocks have fallen -9.11% over the past one year. While a 52-week high of $104.76 was reached on 03/04/24, a 52-week low of $75.05 was recorded on 06/17/24. SMA at 50 days reached $82.64, while 200 days put it at $87.79.
Levels Of Support And Resistance For MSM Stock
The 24-hour chart illustrates a support level at 88.81, which if violated will result in even more drops to 88.02. On the upside, there is a resistance level at 90.25. A further resistance level may holdings at 90.91. The Relative Strength Index (RSI) on the 14-day chart is 65.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.12%. Stochastics %K at 93.82% indicates the stock is a selling.
How much short interest is there in MSC Industrial Direct Co., Inc?
A steep rise in short interest was recorded in MSC Industrial Direct Co., Inc stocks on 2024-10-31, growing by 0.59 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.19 million shares. There was a rise of 21.37%, which implies that there is a positive sentiment for the stock.
